Duplex with Oversized
New
For Sale
$225,000
217 Wilson Street, Brewer, ME 04412
Brewer, ME
Property Size1,644 SF
Price / SF$136.86
Days on Market2
Property Features for 217 Wilson Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bathrooms
2
Full bathrooms
2
Standard status
Active
Size
1,644 SF
Amenities
enclosed porch
natural gas
separate electrical meters
vinyl siding
replacement windows
oversized garage
storage above
Building Details
Year built
1900
Listing Agency:
Bangor, Maine · Better Homes and Gardens Real Estate
Listed By:
Kim Brountas
(207) 942-6711
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 4:06AM
MLS# 1680694
Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,644-square-foot duplex at 217 Wilson Street includes an enclosed porch, natural gas service, separate electrical meters, vinyl siding, and replacement windows. The property was built in 1900 and sits on a large lot with an oversized two-car garage that provides parking, workspace, and storage above.
The property is located in Brewer near local amenities. Its configuration may support an owner-occupant or rental strategy, while the existing improvements and additional space provide flexibility for future use. A small business or a third apartment may be possible, subject to municipal approval.
The property is located in Brewer near local amenities. Its configuration may support an owner-occupant or rental strategy, while the existing improvements and additional space provide flexibility for future use. A small business or a third apartment may be possible, subject to municipal approval.
Key Highlights
- 1,644‑square‑foot duplex on a large lot
- Oversized two‑car garage with parking, workspace, and storage above
- Separate electrical meters and natural gas service
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,066
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.70%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$301,320
$301.3K
Cap Rate 7%
$215,229
$215.2K
Cap Rate 9%
$167,400
$167.4K
Market Conditions
NOI Build-Up for 1,644 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.7K $13.80/SF
− Vacancy
−$1.2K −$0.71/SF
EGI
$21.5K $13.09/SF
− OpEx
−$6.5K −$3.93/SF
NOI
$15.1K $9.16/SF
Area
Penobscot County, ME
Vacancy
5.13%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$301,320
Cap Rate 7%
$215,229
Cap Rate 9%
$167,400
Alternative Uses
Best Use
Multifamily LT 5
$215.2K
$188.3K – $251.1K
NOI $15,066 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$198.0K
$173.2K – $231.0K
NOI $13,857 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$531.0K
$464.6K – $619.5K
NOI $37,168 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
Explore this area
Business Placement
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - In-town duplex with separate electrical meters, replacement windows, and flexible lower-level workspace.
Where is this duplex located?
The property is located at 217 Wilson Street Brewer, ME.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,644‑square‑foot duplex on a large lot; Oversized two‑car garage with parking, workspace, and storage above; Separate electrical meters and natural gas service
